Northern Abitibi Mining Corp.
TSX VENTURE : NAI

Northern Abitibi Mining Corp.

May 20, 2008 12:01 ET

Northern Abitibi Intersects High Grade Nickel Mineralization Including 4.5% Nickel Over 0.95 Meters at the Taylor Brook Nickel-Copper-Cobalt-PGE Property in Newfoundland

CALGARY, ALBERTA--(Marketwire - May 20, 2008) - Northern Abitibi Mining Corp. ("Northern Abitibi") (TSX VENTURE:NAI) is pleased to announce that the first drill hole of the 2008 program at Taylor Brook has discovered a new zone of high grade sulfide mineralization located 185 meters south of the high grade Layden showing.

Hole 08TB-09 is the first drill hole testing a 225 meter long airborne geophysical conductor located immediately south of the Layden showing, and has intersected a zone of sulfide mineralization coincident with the geophysical anomaly. Assay results for hole 08TB-09 are complete and the sulfide zone has returned 1.71% nickel, 0.13% copper, and 0.028% cobalt over a core length of 4.15 meters, from 42 to 46.15 meters depth in the hole. Within this interval are two massive sulfide zones containing 4.5% nickel, 0.16% copper, and 0.073% cobalt over a core length of 0.95 meters, and 4.7% nickel, 0.17% copper, and 0.071% cobalt over a core length of 0.3 meters. The true width of the sulfide zone is interpreted to be approximately 70 percent of the drill core intercept.

Hole 08TB-10 was drilled from the same set up as 08TB-09, but at a steeper angle, and intersected the sulfide zone between 95.95 to 97.4 meters depth in the hole, approximately 60 meters vertically below the intercept in hole 08TB-09. The sulfide zone in hole 08TB-10 is not as well developed as that in hole 08TB-09 but contains similar mineralogy and textures. Samples from hole 08TB-10 are being processed and will be sent for assay shortly, results are expected within two to three weeks.

Holes 08TB-11 and 12 tested the northern and central portion of the 225 meter long airborne geophysical conductor. Both holes intersected wide zones of post mineral dikes at the projected depth of the airborne conductor, and massive sulfides were not intersected. It is possible that the post mineral dikes have displaced the massive sulfide target in this area. The drill rig is currently on hole 08TB-13, which is testing an off hole conductor identified during the Crone PEM (pulse electromagnetic) down hole survey of hole 07TB-04.

The company is extremely pleased with the initial results of the ongoing 2008 drill program. While the project is still at an early stage, the discovery of nickel bearing sulfide mineralization associated with an airborne geophysical conductor significantly enhances the exploration potential of the property. Five additional airborne geophysical conductors have been identified on the Taylor Brook property and two of these will be drill tested during the current drill program.

The company has staked an additional 200 claims (5000 hectares) surrounding the Taylor Brook property, to tie up a significant portion of this prospective district.

Core samples were delivered to Eastern Analytical Ltd. in Springdale, Newfoundland for analyses. Gold was assayed by standard fire assay methods with 30 additional elements analysed by Induced Coupled Plasma (ICP). All nickel values greater than 1100 parts per million were re-assayed using a nitric and hydrochloric acid digestion that extracts nickel only from sulfide mineralization and not from nickel silicate minerals. Duplicate samples, blanks, and standards are included with select sample batches and then checked to ensure proper quality assurance and quality control (QA/QC).

Northern Abitibi

Northern Abitibi's technical team of experienced, professional geologists are assembling a portfolio of gold, nickel and other base metal projects from opportunities within Canada, Mexico and the United States. Northern Abitibi can earn a majority interest in the Taylor Brook project from Altius Resources Inc. by making staged share and cash payments and funding exploration over a period of 4 years. A description of the Taylor Brook project can be found on our website at www.naminco.ca.

The drill program is being supervised by Dr. Shane Ebert, P.Geo., and Dr. Stephen Rowins, P.Geo. Dr. Shane Ebert is the Qualified Person responsible for the preparation of this news release.

Shane Ebert, President/Director

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Northern Abitibi's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Northern Abitibi. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Northern Abitibi's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Northern Abitibi's filings with the Canadian securities authorities. Accordingly, holders of Northern Abitibi shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Northern Abitibi disclaims any responsibility to update these forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Contact Information

  • Northern Abitibi Mining Corp.
    Shane Ebert
    President/Director
    (403) 233-2636
    or
    Northern Abitibi Mining Corp.
    Jean Pierre Jutras
    (403) 233-2636
    Website: www.naminco.ca